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Homebuyer Statistics for Greenville Real Estate

Greenville Real Estate Market Snapshot of Homebuyers

The above information highlights just how fast this market is changing for the better. Greenville real estate is rapidly moving upward as first time buyers and second time home buyers are looking at moving. As prices continue to rise and mortgage rates continue to stay at near record lows, the time is right for buyers to hit the market and start their home buying process.

Let’s take a look at the numbers though to see just what we are experiencing in the Greenville real estate market. The average age for the primary real estate buyer was 38 and the average age for the second home buyer was 47. Just a 9 year difference separates those looking to switch their primary homes to those looking to purchase a secondary home like a vacation property. As the median age states 47, this is relatively low compared to what we have seen in the past for Greenville home buyers who would like a second property to enjoy. The normal American family is now looking to take advantage of the relatively lower prices and mortgage rates by purchasing a vacation home.

As we can tell from the mortgage percentages for second home buyers, 66% shows that only 2/3rds of the group are actually utilizing mortgages compared to being a cash buyer. Cash buyers are still populating the market as prices have risen, but are still just a little bit below the height of the Greenville real estate prices in 2007. With lower prices and the ability to receive a “deal” on their home, it is no wonder why many buyers are now looking to deal with cash only. But, those that are looking to deal with mortgages, 77% and 66%, are finding that the rates are around the 4.40%. These are still well below the averages that we have seen in the past being well over 8% and in to the double digits. While the rates remain low, many first time buyers are seeing the potential investment opportunity on owning a Greenville property in comparison to renting.

It is no shock that the south had the highest amount of second homes as the prices tend to be low while the weather remains warmer year round. With an astounding 41%, it is easy to conclude that many home owners are looking for that vacation property to spend time at during the summer and winter months, as well as for a quick trip to escape reality. The take away that we can state from this graph though is that the real estate market is coming back. With Greenville real estate set to continue to thrive during the summer months of 2014, we are very ecstatic to see how these statistics change for the better very soon.

Greenville Real Estate Weekend Tips

When looking to increase the value of your Greenville real estate, it is a no brainer to know that design sells. Many home sellers are looking at staging their property to create the illusion that the potential buyer is right at home. This goes with out saying for additional rooms as well. Creating an extra room will add to the ability of the potential home owners to want to move in to your property. A little extra breathing room is something that many Greenville home buyers are looking to pay a very nice premium for. Even by staging the garage in to an area of enjoyment can mean the difference between offers coming in above the asking price or not.

Organizing tools, sporting equipment and other normal garage items are a necessity to demonstrate the cleanliness and exceptional care of your home. With the addition of adequate lighting and cleaner floors, you once again want the home owner to imagine spending their own time working on crafts and wood projects. Just by staging the garage alone can show the people walking through your Greenville home for sale just how immaculate and pristine the home truly is. For concrete floors, look to add a potential sealant. Many home buyers will actually see these as extra rooms that they wish to finish.

Outside of the garage, you can also look to the backyard by creating a sitting area. Make the garden look elegant and tasteful, something they will want to show off to family and friends. By creating a sitting area with pavers, outdoor seating and large potted plants, you are paving their imagination again to see themselves sitting here relaxing on a hot summers day or growing it even further as the new home owners.

Staging the “other” rooms are great ways to demonstrate just how big your home could be. Of course, the more time you put in to the cleanliness and decor of the property, the higher the value can travel. Put that extra time in to your Greenville real estate and see just what happens as the offers start to come in!

Greer Real Estate Outlook For 2014

Believe it or not, but we are almost one full month in to the 2014 year. With an increase from $267,000 to $281,000 for new homes and $196,000 to $207,000 for existing homes, it is plain to see that Greer real estate equity is on the rise and will keep that trend going towards the future.

Now we must put in to perspective that these are figures for the median price range of what we can expect. Obviously some homes could only increase by 5%, where another property could actually see 20% increase in the first year. The main part that we want to specify though is that it will increase. Sellers beware though, this does not mean that sitting on that Greer real estate for a few more years will yearn you the return that you always dreamed of.

Greer real estate is set to increase year over year with our current economy making drastic steps to get back to where it was previous to 2008 and, more than likely, make substantial steps to beat that current pace. Greer homes are in the perfect spot to receive a boost from not only the nation economy, but our local and statewide economy as well. Recently, it was noted that unemployment dropped again to another record low for the year as well as stating that the average household income had risen once more. This is a great sign of things to come for our real estate future.

Greenville Real Estate Statistics for April 2014

The numbers for Greenville Real Estate are in and the outlook looks very promising! See just what to expect over the next few months as the housing market continues to thrive in these seller friendly market conditions. As the summer months draw closer though, be sure too see just how fast Greenville homes could in fact sell with multiple buyers flocking to the market even more so than they are right now. With limited inventory, rising prices and record low mortgage rates, the conditions are perfect for sellers to get the most out of their home while enjoying limited time on the Greenville real estate market.

Contact Carolina Mountain Real Estate for any and all Greenville news and to see just how much your home may be worth. The more you know, the more ideal of an executive decision you can make on your property to see if now really is the perfect time for you to look in to moving. Contact us today and let us help you get all of the info that you desire on your property.

Why You Should Hire A Greenville Real Estate Agent

This infographic explains perfectly why Greenville real estate agents are a necessity when selling or purchasing your Sarasota real estate. The amount of outside work these agents have to do is well worth the commission that you pay in the end. Paying for time saved and work completed are well worth the 3% to the agent when it is all said and done. Greenville real estate is having a spike right now and the faster you find you perfect dream home, the more likely you are to get it. Moving fast is a big part of this low inventory, high buyer market we are currently experiencing and the faster you move the better.

Contact Carolina Mountain Real Estate today and we can help you make your real estate life that much simpler!

Greer Real Estate A Top Purchase For Millennials

In the past year alone, we have stated multiple times that the millennial generation is in fact looking to purchase Greer real estate more than you would expect. Although many believe that the new generation is a little reluctant to purchase a home, and who would not blame them with the way the economy has gone over the past few years, but with home prices starting to rise and mortgage rates still at relatively low prices, many of the younger home buyers are seeing the potential return on investment in comparison to just renting. Even though many experts may speak the other way when talking about the millennial generation and Greer real estate, the newest report from the National Association of Realtors saw a larger market share in the recent purchases nation wide than previously.

The results are in and here are the percentages of Greer real estate buyers over the past month by generations:

30 percent – Generation X

30 percent – Baby Boomer Generation

9 percent – Silent Generation

Even the National Association of Realtors Chief Economist Lawrence Yun stated, “Given that Millennials are the largest generation in history after the baby boomers, it means there is a potential for strong underlying demand. Moreover, their aspiration and the long-term investment aspect to owning a home remain solid among young people.” It was also discovered through the survey that 87 percent of those that purchased a home and were 33 years of age or younger stated that a Greer real estate purchase was a great investment financially. The middle age of the millennial generation that purchased a home was 29 and the median income was approximately $73,600. The good news is that 87 percent of those that did purchase a home purchased an existing Greer home and are planning on keeping their home for a long investment of approximately 10 years. And of course to the biggest surprise, the younger generations were looking for information and help from real estate agents in comparison to the older groups that searched on their own. Although all of the information is readily available online, a source that many millennials cherish, older generations have the experience and know how of the process from previous purchases, making a real estate agent a necessity for the paper work process, but not for the finding process.

From this entire survey, it seems that millennials are ecstatic to begin their work with Greer real estate agents as the market continues to thrive. Of course, if you are looking to purchase or sell a home, please feel free to contact Carolina Mountain Real Estate for any and all information you may need on where this rising market is going in your area.

Increase Your Greenville Real Estate With Staging

We are almost to the conclusion of our 10 week, 10 tip challenge. This week we will take a look at another fairly simple weekend project that can make potential buyers fall in love with your Greenville Real Estate, dressing you home. Although this may sound strange, dressing and staging your home are relatively one in the same.

Of course we have talked about the importance of cleaning, patching and painting the interior and exterior of the home, but how are you going to make the home stand out even more on the inside? Staging your property is the best way to make the buyer envision themselves in your home. Creating a model home type feel will allow any person that takes a tour of your property to really fall in love with everything that you have done. On a positive note, those that do put in the extra time on their home tend to receive a higher priced value on their Greenville real estate as the buyers will believe that the property has been taken care of. This may or may not be completely true, but perception is key to getting the home sold.

When you are in the bathroom, most importantly, it is time to get a shower curtain that is lined in elegant and luxurious fabric. A new bath mat will also allow for you to stand out, especially if you are looking to purchase one that many hotels would buy. Do remember, these are your items as well. Once the Greenville home is sold you will get to keep these particular staging materials so buy something that will stand out and look perfect in your new property as well. A new roll of toilet paper is always a nice touch as well. Think upscale hotel bathroom or model home when you are staging.

Clear out all of the counters and make them shine like new. If you happen to be one of the millions of home owners that uses a toothbrush holder or soap dish, be sure to clean them out completely. You never want to leave a trail of dirty soap out, yet want the new owners to imagine themselves wanting to buy the Greenville real estate as is since they love the decor so much.

As far as the bedroom goes, look to the comforter to change. If it is torn, stained, ripped or just all around dated, it may be time for you to throw it out. Keep the focus on the room entirely and add a little extra flare with a duvet cover. Once again the whole idea is to make the buyers love what can be done with the room.

Never let windows pass as well. Curtains are a necessity to add that luxurious touch, but do not over do it. Windex every possible window and make them sparkle like they were just installed. Although you will be leaving this Greenville home soon, you still want to leave it as presentable as the day you purchased it.

For more information on how you can set up your South Carolina real estate, and of course even more home selling and buying tips, please feel free to visit www.CarolinaMountainRE.com.

New Flood Insurance Bill Helps Travelers Rest Real Estate

It looks as though the President of the United States is taking a stand against the rising flood insurance premium rates. With the passing of this bill, there will not be a limit to the flood insurance premium which will not allow any greater than 18 percent increases per year.

“We fought the good fight and we won and thousands of middle class families in Louisiana and throughout the nation are going to get immediate relief,” stated Senatore Mary Landrieu. “Most importantly, we reestablished in this arduous legislative process that affordability is important to the long-term stability of the flood insurance program.”

For the past two years, legislature has fought to limit these increases for those the 5.5 million policyholders who are in flood risk areas. Of course Travelers Rest real estate owners know this very well as the increase in the policy has brought double to ten times the amount that they were paying on their previous premiums. This priced out many middle class families making the program extremely unaffordable.

The new bill, The Homeowner Flood Insurance Affordability Act, will limit price increases to an approximate average of 15 percent per year from the 9 FEMA categories. With the bill’s passing, you will also see the grandfathering provision reinstated allowing for those that are now listed with a greater risk of flooding will not be hit with a substantial increase. You may also see a refund to your Travelers Rest real estate as well if you purchased after July 2012.

Senator David Vitter even stated, “This huge victory saves families in Louisiana and across the country from losing their homes.” With these changes, there should be almost instantaneous change in the real estate market allowing for an increase in those willing to buy and sell their Travelers Rest home. With this now off of the plate of millions of home owners around the county, expect to see a sharp change in the market as more owners will begin to have a positive light towards the flood insurance.

For even more information on how Travelers Rest will be effected by this new bill, please be sure to contact the Carolina Mountain Real Estate experts at www.CarolinaMountainRE.com. We would love to answer any questions you may have about this new legislature passing and how it will benefit your home buying or home selling options.

How To Increase Your Travelers Rest Real Estate Value Part 2

Fixing up your Travelers Rest home on the weekends can actually be much easier than expected. With this weekend project, you will see a jump in your homes value as well as a decrease in the amount of time that it stays on the market, just from a few minor tweaks. A weekend project is not meant to completely renovate the Travelers Rest real estate for sale, yet to add some additional appeal and value to the property.

Fixing the lights can be a hit or miss option when you look to change your homes overall appeal. The top three items to replace are the 3 D’s, damaged, dated or distracting. If you are the starlet of Hollywood, it may be time to get rid of that dressing room outlining, or if you are just looking at sprucing up the fixtures, add new bulbs. Low hanging chandeliers are a thing of the past and may need to be replaced. A very basic styled pendant lamp will bring more potential buyers to the yard. Travelers Rest real estate is hit or miss on lighting, but in order to stand out in this sellers market, any additional changes will help.

Of course, be sure to let go of the energy efficient yet ugly looking fluorescent tube lighting that is displayed in so many kitchen. Nothing normally looks elegant and delightful underneath them unfortunately. With all of this being said though, at the very least you will want to change out the bulbs to show crisp, clean and bright lights coming from every angle. This part of the project will cost the least amount of money and time to change out, but could increase your Travelers Rest real estate value immensely.

If you are looking for even more help with your Travelers Rest home, feel free to contact Carolina Mountain Real Estate, the expert real estate team. We are industry experts in the real estate market and can help stage and set up your home for the most amount of offers to come right away. In this sellers market it may be easy to over look staging, but with a few tweaks to your South Carolina home for sale, you could be adding even more money to the price tag in the end. Contact Carolina Mountain Real Estate today and see just why we are the best in the Travelers Rest real estate market.

How To Increase Your Travelers Rest Real Estate Value Part 1

It may seem as a no brainer to some, but having clean floors can make or break how your home appears to many potential buyers. With how the Travelers Rest real estate market is moving right now as well, setting yourself up for success with these small changes in the way your floors look could add extra value to your home for sale. As the market starts to heat up in the next few months, look for these tips to help you out immensely as more competition comes to play.

The flooring though is something that many Travelers Rest real estate experts may not entirely agree upon. At the end of the day, you never want to spend a lot of money on something that the buyer will end up hating. But at the same time, you do not want to lose the deal due to old and tarnished carpet, tile or wood. If you are looking to change out the flooring, look for something that will make the potential Travelers Rest real estate buyer ecstatic to walk on. A dirty carpet can easily be cleaned through a powerful steam cleaner, allowing all of the dirt and grime to come out of the floor, as well as most if not all of the stains.

A vinyl flooring decor that is very loud in the room or damaged on multiple ends could be fixed with stick-on squares. These will tone down the loud color and of course take away from the distraction. Of course mopping or waxing the floor is a huge plus to take away any potential stains or dark spots. Travelers Rest home owners know they are receiving a pre-owned home but still would prefer to believe that they are inside a brand new palace. The more that you clean your Travelers Rest home’s flooring, the more likely you can appeal to a wider audience.

Now of course this is just the start of many ways to increase your homes value as you begin the process of putting your property on the market. For more tips and tricks, feel free to contact Carolina Mountain Real Estate to see how we can help make your Travelers Rest real estate stand out from the competition. As the inventory starts to rise, you will need to bring your A-game and these few weekend tips can help push your property over the edge.